KiloEx Hit by Massive $7 Million Cross-Chain Exploit

The newly launched KiloEx platform, backed by YZi Labs (formerly Binance Labs), has fallen victim to a significant cross-chain exploit worth $7 million. The attack impacted operations across the BNB Smart Chain, Base, and Taiko networks, leading to the suspension of all services while security teams investigate and seek to apprehend the attackers. The exploit involved Tornado Cash for funding and focused on vulnerabilities within KiloEx’s price oracle system, enabling unauthorized manipulation across multiple blockchain ecosystems. 🧠